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PRESENTATION ON CREDIT CONTROL !

PRESENTATION ON CREDIT CONTROL !. Presented by Michelle Kriel. CREDIT CONTROL. ENTITIES Sole Proprietor Partnership Close Corporation Companies Trusts. CREDIT CONTROL. MARRIAGE REGIMES In Community of property Out of Community of Property. CREDIT CONTROL. PROBLEMS WITH CONTRACTS

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PRESENTATION ON CREDIT CONTROL !

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  1. PRESENTATION ON CREDIT CONTROL! Presented by Michelle Kriel

  2. CREDIT CONTROL ENTITIES • Sole Proprietor • Partnership • Close Corporation • Companies • Trusts

  3. CREDIT CONTROL MARRIAGE REGIMES • In Community of property • Out of Community of Property

  4. CREDIT CONTROL PROBLEMS WITH CONTRACTS • Surety • Legal Costs • Interest • Payment in Installments • Domicilium citandi et executandi

  5. CREDIT CONTROL PROBLEMS THAT WE AS COLLECTORS EXPERIENCE • Some clauses lacking in contracts • Contracts not filled with sufficient particularities

  6. CREDIT CONTROL • No surety when dealing with companies and cc • Sufficient information to be given to attorney

  7. CREDIT CONTROL COLLECTION PROCEDURES • Letter of Demand • Summons • Sheriff for Service

  8. CREDIT CONTROL • Request default judgement • Options • warrant of execution against movables • S65 • written offer

  9. CREDIT CONTROL • Deviations S57/S58 • REMEMBER - Regularly update the information on file for a debtor!

  10. CREDIT CONTROL • QUESTIONS?

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